Lifestyle > Train of Thought

The American Dollar Just Dropped

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Don Seer:

sounds like a good time for me to import a bunch of CDs then... ;)

7even:
so the € is back to 1,3 $ or something again.. that's evil  8)
sucks for our export though, lol...

Don Rizzle:
the falling dollar is good for america because american companies become more competitive abroad and imports into america become more expensive making them both more competetive at home and abroad

Shallow:
One more drop and I'm taking all my Canadian money and converting it to American. The way I see it there's no way this can last. So when the American dollar eventually gets strong again, I'll get like a third more money back. It's a win win situation, unless the US dollar plummits, but I can't see that happening.

Ant:

--- Quote from: _That_Cracka_J on November 03, 2004, 01:05:24 PM ---The Dow Jones is up 100 points right now though

--- End quote ---

The dow jumped because of three large industries: energy, pharmaseuticals, and defense.  They all expect more favors from GWB just like he gave them in his 1st term. 

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